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Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Days Inventory : 0.00 (As of Dec. 2023)


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What is Shanxi Changcheng Microlight Equipment Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shanxi Changcheng Microlight Equipment Co's Average Total Inventories for the three months ended in Dec. 2023 was HK$14.75 Mil. Shanxi Changcheng Microlight Equipment Co's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$-4.04 Mil.

The historical rank and industry rank for Shanxi Changcheng Microlight Equipment Co's Days Inventory or its related term are showing as below:

HKSE:08286' s Days Inventory Range Over the Past 10 Years
Min: 171.16   Med: 289.29   Max: 552.52
Current: 256.65

During the past 13 years, Shanxi Changcheng Microlight Equipment Co's highest Days Inventory was 552.52. The lowest was 171.16. And the median was 289.29.

HKSE:08286's Days Inventory is ranked worse than
87.88% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs HKSE:08286: 256.65

Shanxi Changcheng Microlight Equipment Co's Days Inventory declined from Dec. 2022 (77.39) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanxi Changcheng Microlight Equipment Co's Inventory Turnover for the three months ended in Dec. 2023 was -0.27.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.


Shanxi Changcheng Microlight Equipment Co Days Inventory Historical Data

The historical data trend for Shanxi Changcheng Microlight Equipment Co's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shanxi Changcheng Microlight Equipment Co Days Inventory Chart

Shanxi Changcheng Microlight Equipment Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 171.16 481.18 274.92 411.79 303.66

Shanxi Changcheng Microlight Equipment Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 77.39 156.29 89.81 113.97 -

Competitive Comparison of Shanxi Changcheng Microlight Equipment Co's Days Inventory

For the Communication Equipment subindustry, Shanxi Changcheng Microlight Equipment Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shanxi Changcheng Microlight Equipment Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanxi Changcheng Microlight Equipment Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shanxi Changcheng Microlight Equipment Co's Days Inventory falls into.



Shanxi Changcheng Microlight Equipment Co Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Shanxi Changcheng Microlight Equipment Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (11.332 + 14.753) / 2 ) / 15.677*365
=13.0425 / 15.677*365
=303.66

Shanxi Changcheng Microlight Equipment Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0 + 14.753) / 1 ) / -4.042*365 / 4
=14.753 / -4.042*365 / 4
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Shanxi Changcheng Microlight Equipment Co  (HKSE:08286) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Shanxi Changcheng Microlight Equipment Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Shanxi Changcheng Microlight Equipment Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Shanxi Changcheng Microlight Equipment Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Shanxi Changcheng Microlight Equipment Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Business Description

Traded in Other Exchanges
N/A
Address
No. 7 Dianzi Street, Demonstration Zone, Shanxi Province, Taiyuan, CHN
Shanxi Changcheng Microlight Equipment Co Ltd is a China-based company engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products. Image transmission fiber optics products manufactured by the company are image transmission devices containing a rigidly bundle of optical fibers arranged in an ordered fashion so that images can be transmitted from one end of the optical fiber bundle and displayed on the other end of the bundle. The company produces five main products, including fiber optic inverters, fiber optic straight plates, fiber optic face plates, fiber optic tapers and microchannel plates.

Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Headlines

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